Syntagma Capital, a private equity firm, completed the acquisition of Erasteel, a conventional and powder metallurgy firm, from Eramet, a French multinational mining and metallurgy company. Financial terms were not disclosed. "Despite a very challenging M&A market, we continue to find attractive carve-out opportunities to put capital at work and provide divestiture solutions that deliver speed and certainty. We are excited by Erasteel’s potential and look forward to working with management on the global growth of the company," Sebastien Kiekert Le Moult, Syntagma Managing Partner.